On April 16, 2024, Canada’s Deputy Prime Minister and Finance Minister, Chrystia Freeland, presented the 2024 Federal Budget in the House of Commons. This budget introduces pivotal changes for crypto traders, specifically through Canada’s new approach to crypto regulation and a significant increase in the capital gains tax, now up to two-thirds (66.67%). Let’s explore these key updates and analyze their impact on Canadian crypto traders. Canada’s New Approach to Crypto Regulation In response to the rising financial risks associated with crypto-assets, Canada is prioritizing the prevention of t ..read more

Bull Bitcoin is one of the oldest and fully compliant crypto platforms in Canada, ranking as the #1 exchange for those interested in trading Bitcoin exclusively, as it’s the only cryptocurrency available for trade. It’s included in our rating of the best crypto exchanges in Canada. In an exclusive partnership with Bull Bitcoin and OCryptoCanada, Bull Bitcoin has provided our users with a unique referral code. By using our referral link to sign up with Bull Bitcoin, you’ll receive a free $20 in your account when you complete your first funding order. How to Use Bull Bitcoin and Apply a $20 Prom ..read more

Bitget is a global exchange (rated as top crypto exchange for Canadians in our rating) catering to skilled users and offers a vast selection of altcoins available worldwide, including for Canadian crypto traders. In our opinion, Bitget is the best choice for crypto traders who need access to as many crypto coins as possible while enjoying low trading fees (0.1%). In an exclusive partnership with Bitget and OCryptoCanada, Bitget has provided our users with a unique referral code. If you use our referral link to sign up with Bitget, you’ll receive a free 50 USDT in your account after verifying y ..read more

Bitbuy is the #1 crypto exchange for Canadians in terms of safety, boasting over 450,000 registered users. With Bitbuy, you can trade more than 50 crypto coins, including Bitcoin, Ethereum, XRP, and more. In an exclusive partnership with Bitbuy and OCryptoCanada, Bitbuy has provided our users with a one-of-a-kind referral code. If you use our referral link to sign up with Bitbuy, you’ll receive a free $50 in your account after account verification and a deposit of $250 or more. How to Use Bitbuy and Apply a $50 Promo Code Bonus in Canada? Bitbuy caters to both beginner and professional crypto ..read more

OKX crypto exchange is not working in Canada due to new regulatory requirements introduced by Canadian authorities. On March 20, 2023, OKX announced it would stop offering services to Canadian users starting March 24, 2023, because of these changes. The exchange asked its Canadian customers to close their trading positions and withdraw their funds by June 22. This move is similar to actions taken by other exchanges like Bittrex Global in July 2022, which also left Canada citing regulatory challenges. OKX has called its exit “temporary” and is seeking to work with Canadian regulators to resolve ..read more

Toronto, ON — February 5, 2024 — Toronto DAO, the city’s pioneering decentralized autonomous organization, is thrilled to announce the unanimous passing of its first proposal, marking a historic moment in the establishment of a groundbreaking economic and governance model. This model aligns with the local community’s values, emphasizing transparency, inclusivity, and innovation. To celebrate this significant milestone, Toronto DAO is hosting a Launch Party on February 13, 2024, at Casa Mezcal, 291 King St W, Toronto, ON, from 6:00 PM to 8:00 PM EST. A New Chapter in Decentralized Governance T ..read more

A lot of people wonder, is cryptocurrency taxed in Canada? Yes, it is. Several types of crypto transactions are taxable. In this article, we will explain everything you need to know about paying cryptocurrency taxes in Canada. We will tell you what you have to pay tax on, what type of tax you will have to pay such as capital gains taxes, income tax, how to calculate crypto taxes this year and more. We consulted with three Certified Public Accountants (CPAs) in Canada, whose expert insights significantly contributed to the quality of this article, with each of them thoroughly proofreading it. R ..read more

CoinField – a European crypto exchange is no longer available in Canada and some parts of the world. CoinField used to be a convenient way for Canadians to buy and sell crypto thanks to its free CAD deposits. Unfortunately, CoinField is no longer active in Canada. The Ontario Securities Commission (OSC) has stated that the exchange does not have adequate assets to satisfy withdrawal requests. “CoinField did not, and continues not to have sufficient crypto assets in custody to satisfy investor withdrawal requests,” the OSC alleged. The head of CoinField allegedly told the OSC and investors the ..read more

Dogecoin (DOGE) is a top ten cryptocurrency in Canada. Created in 2013 as a light-hearted alternative to bitcoin and other cryptocurrencies, Dogecoin skyrocketed up the crypto rankings after Tesla CEO Elon Musk tweeted that DOGE is his favourite coin.   With its unlimited supply, Dogecoin could be useful as a currency, and it is still a favourite amongst meme-lovers. Dogecoin’s price one year ago was $0.53 and today it stands at $0.10 CAD as of November 25th. Elon Musk has power over Dogecoin, with a mere mention of it, the price often rises. For this reason, Dogecoin is a popular i ..read more

More and more Canadians are buying Axie Infinity. With the rise of the metaverse, NFTs and play to earn games, there is one stand out coin that has seen exponential growth in the past year. Axie Infinity (AXS) is a play to earn game where users can buy and breed unique creatures called axis, which are minted as NFTs on the Ethereum blockchain. Players of the game can earn tokens as they play and battle their axies with other players. One year, the AXS token was priced at around $1.20. As of November 25th, it hovers around $8.56 CAD with market cap of $1.643B. Axie Infinity is a popular invest ..read more